The Cathay Pacific logo on the tails of passenger planes at Hong Kong International Airport. Photo: Bloomberg
The Cathay Pacific logo on the tails of passenger planes at Hong Kong International Airport. Photo: Bloomberg

Hong Kong’s Cathay Pacific Airways to pay HK$4.93 billion to buy budget carrier HK Express

  • Deal will make company the city’s dominant airline group, in control of three of Hong Kong’s four carriers
  • But Cathay faces challenge from HK Express chairman Zhong Guosong, who has resisted selling the stake he controls

The Cathay Pacific logo on the tails of passenger planes at Hong Kong International Airport. Photo: Bloomberg
The Cathay Pacific logo on the tails of passenger planes at Hong Kong International Airport. Photo: Bloomberg
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